Micromax was founded in early 2000 by Rahul Sharma and Rajesh Agarwal and was among the biggest budget phone sellers in India. The company had launched the YU brand in 2014 which had the official Cyanogen OS rights in India.Micromax, which mainly launched budget devices started losing market share after the entry of Xiaomi and other Chinese smartphone makers.Micromax has revealed that it will soon launch an affordable smartphone with premium features in the country.Lava was founded in 2009 by a group of four people and had operations in several countries including India, Russia, Nepal, and Pakistan. Like Micromax, Lava also focused on the budget segment and offered affordable entry level devices.Increased competition from Chinese companies pushed Lava into financial troubles in 2018 and the company was forced to delay payments to vendors and employees.Karbonn Mobiles was founded in 2009 as a joint venture between Bengaluru-based United Telelinks Ltd. and New Delhi-based Jaina Marketing Pvt. Ltd. It offered feature phones, smartphones and tablets.The company was also affected by the entry of cheap Chinese smartphones in the country and hasn’t launched a phone for quite some time now.Lyf was launched by Reliance Retail during the initial days of Reliance Jio to produce affordable 4G smartphones in the country. In May 2016, the company had become the fifth largest smartphone maker and second largest 4G LTE phone seller in India.Once other smartphone makers started launching 4G phones, the company stopped announcing new phones.Intex Technologies was founded in 1996 by Narendra Bansal. It offers smartphones, LED TVs and other consumer electronics and accessories.While Intex is still active in other segments, it has not launched a smartphone in quite a while after its sales were disrupted by the entry of Chinese smartphones in the country.